Plan Ledger DOL Form 5500 · updated monthly

Clk Management Company, Inc.401(k)

CLK MANAGEMENT CO., INC. 401(K) PROFIT SHARING PLAN · HIBBING, MN · plan year 2024

Reported admin expense ratio · 2024
0.40%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Clk Management Company, Inc. reported $9,512 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $41 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Minnesota (1,762nd of 1,918), and 1,304th of 2,240 in accommodation & food services. In 2024, employees put in $10.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,518,520
Participants with balances240
Active participants185
Employer contributions$7,500
Employee contributions$82,219
Employer contribution per active participant$41
Average account balance$10,494
Benefits paid to participants$49,458
Plan auditUnmodified (clean) audit opinion
AuditorD S & B, LTD
Plan history3
Yearassets · accounts · employer contribution
2024$2.5M · 240 accts · $8K emplr
2023$2.2M · 261 accts · $25K emplr
2022$2.1M · 236 accts · $16K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,512
Total administrative$9,512
The Clk Management Company, Inc. 401(k) match · 2024
Employer contribution per active participant$41
Median for plans this size$1,313
2024$41 per active participant
2023$134 per active participant
2022$82 per active participant

Clk Management Company, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$9,512 · 0.40%
2023$13,011 · 0.61%
2022$9,854 · 0.42%
Similar plansAccommodation & Food Services · Minnesota
Grandma's Inc MN$5.1M · 0.49%
Seward Co-Op MN$4.4M · 0.03%
Hyder Investments, Inc. MN$2.5M · 0.96%
Cliff Corporation MN$2.3M · 1.26%
Madone Inc MN$2.3M · 0.75%
P.D.I. Foods, LLC MN$2.1M · 1.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411491717 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.